CCP 09-28-1998 - Laserfiche WebLink

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~ ~./,"~- j, r~ r ,'~~ ~~ ",~ ~--~ CITY OF ARDEN HILLS I iI.~ ..""- . MEMORANDUM DATE: September 24, 1998 TO: Mayor and City Conncil FROM: Drum ','M.,,,. City Adm'."i"~ SUBJECT: Vaul:han Park Dedication proper~ "xchanl:e Background Dan Vaughan dedicated the property (Exbibit A) to fulfill his park dedication requirement for Planning Case #85-5. Although this property was agreed upon by the City and Mr. Vaughan, the property title was never transferred. Ms. Walsh discussed with Dan Vaughan the possibility of exchanging the previously agreed upon land area to an area that could be used as a trail corridor. The City would then have fee title to the property that would be used as a trail. Mr. Vaughan has indicated that he is amenable to this transfer. The property that was originally agreed upon was intended to be used for a park area. The intent e was to develop the existing parcels of park property along with the Vaughan property to create a park in the Round Lake area. As staff discussed this proposed park development, it seemed to make more sense to acquire property to complete the Round Lake trail corridor than to create a small park. Property Exchange Staff is proposing that the 1.78 acre property shown on Exhibit A be given back to Mr. Vaughan. In return, the City would receive a thirty (30) foot strip of property along the south side of Round Lake. A 10 foot wide trail would be planned within the thirty (30) foot wide area. The trail would connect with the existing trail east of Phase IV in the Gateway Business District (Exhibit B). Staff is proposing that the area needed to construct the trail along the south side of Round Lake is approximately 1,111 feet in length. A thirty (30) foot wide area of 1,111 feet = 33,330 square feet needed for trail construction and maintenance. This area is approximately 44,200 square feet less than the previously agreed upon park area. Based upon the current park dedication requirements, and given the current land values in the area, this frontage would be equivalent to an additional dedication of approximately $5,500. Staff would recommend that the additional benefit and enhancement to the trail system is worth an even exchange of property. However, as the trail corridor is smaller, the City Council may want to consider requesting an additional cash in lieu payment of $5,500 for the remaining . equivalent of property.